VR Logo

28 Shining Midcaps to Invest In

Here is a hand-picked collection of 28 mid-cap stocks that you can consider to build your mid-cap portfolio

Value Research Stock Advisor has just released a new stock recommendation. You can click here to learn more about this premium service, and get immediate access to the live recommendations, plus new ones as soon as they are issued.

Midcaps are back in favour and those of you who missed reading the 8th Anniversary issue of Wealth Insight, we had featured a hand-picked collection of 28 stocks to build your midcap portfolio. The portfolio was built using our expertise in evaluating mutual funds, a practice that is ingrained in Value Research for over the past two decades.

Portfolio Summary

Total Investment (₹)280686
Current Market Value (₹)326693.7
Unrealised Gain (₹)46007.4
Dividends Received (₹)1891
Total Gain (%)16.4

As a first step, we selected four consistently performing midcap funds: Axis Midcap managed by Pankaj Murarka, HDFC Equity managed by Prashant Jain, IDFC Premier managed by Kenneth Andrade, and ICICI Prudential Value Discovery managed by Mrinal Singh.

Sector Weightage

SectorNet Asset (%)Value (₹)
Engineering26.5886232
FMCG20.1365299
Technology14.9648524
Chemicals7.5924605
Services7.1523185
Energy7.0322810
Financial6.4821013
Healthcare4.1213355
Automobile3.110042
Textiles2.879300

Next, we combined the unique stock universe that these funds invest in and excluded the large-cap stocks. We then excluded stocks that were highly overvalued. We also excluded stocks where these funds were reducing their holdings as well as those where the holdings were insignificant. Finally, we also excluded companies with consistently falling RoE. This left us with a universe of 28 companies.

In the accompanying table, we have updated the performance of this portfolio, indicating how much an investment of ₹10,000 in each stock would be worth now.

Sceptics may argue the futility of this exercise over a three month period, however, these stocks offer an opportunity even now. In this section, we will frequently update this portfolio, including any changes that may occur.

Company NameCost per
unit (₹)
Total Cost
(₹)
Quantity
(Units)
Last
Price (₹)
Latest
Value (₹)
Return
(%)
Amara Raja Batteries48210115215841226021.2
Balkrishna Inds.746970013774100573.7
Bata India11859476813321065512.4
CMC172310337623841430438.4
Coromandel International2639990382921109411.1
eClerx Services117210547913491213915.1
Exide Inds.1409968711651170417.4
FAG Bearings India24659861429001160017.6
Godfrey Phillips India29041161543170126809.2
Greaves Cotton9799911031301343134.4
Gujarat State Petronet769976131871139714.2
ING Vysya Bank634101501662710032-1.2
Karur Vysya Bank4519921225011102211.1
Kaveri Seed Company6639949159651446845.4
Kirloskar Pneumatic Co.5721029618620111608.4
Mcleod Russel (India)29399673429499990.3
MindTree90599581111501264927
P&G Hygiene & Health Care40138027250711014326.4
Persistent Systems11009897913101179019.1
Petronet LNG16710032601871120811.7
PI Industries3319938304601379038.8
Redington India979991103105107948
Savita Oil Technologies6179872167151144015.9
Tilaknagar Industries5810022174457760-22.6
Timken India25710023394271666366.2
Torrent Pharmaceuticals67310100158711306929.4
Vardhman Textiles48010071214529485-5.8
VST Tillers Tractors181610896616509900-9.1
Total280686.3326693.716.4